Gold prices in India registered a minor decline on November 10, with rates dropping across several major cities. Nationally, the price for 1 gram of 22-carat gold stood at ₹13,290, reflecting a decrease of ₹45. Meanwhile, 8 grams of 22-carat gold was priced at ₹1,06,320, down by ₹360 from the previous day.
Regional markets followed a similar downward trend, recording uniform drops in pricing for both 22-carat and 24-carat variants. In Coimbatore, Visakhapatnam, Madurai, Thrissur, and Vijayawada, 22-carat gold was traded at ₹13,210 for 1 gram (down by ₹45) and ₹1,05,680 for 8 grams (down by ₹360). The 24-carat gold in these cities was recorded at ₹13,871 for 1 gram (down by ₹47) and ₹1,10,968 for 8 grams (down by ₹376).
Cities such as Nagpur and Indore saw 22-carat gold priced slightly higher at ₹13,260 per gram (down by ₹45) and ₹1,06,080 for 8 grams (down by ₹360). Their 24-carat counterparts stood at ₹13,923 for 1 gram (down by ₹47) and ₹1,11,384 for 8 grams (down by ₹376).
In Surat, Jaipur, Vadodara, Lucknow, Chandigarh, Ludhiana, and Kanpur, pricing showed minor regional variations. Surat, Jaipur, and Vadodara recorded 22-carat gold at ₹13,314 per gram (down by ₹45) and ₹1,06,512 for 8 grams (down by ₹360), while 24-carat gold was pegged at ₹13,980 per gram (down by ₹47) and ₹1,11,840 for 8 grams (down by ₹376). Lucknow, Chandigarh, Ludhiana, and Kanpur reported 22-carat gold at ₹13,310 for 1 gram (down by ₹45) and ₹1,06,480 for 8 grams (down by ₹360), with 24-carat gold at ₹13,976 per gram (down by ₹47) and ₹1,11,808 for 8 grams (down by ₹376).
Eastern markets like Bhubaneswar and Patna recorded 22-carat gold at ₹13,360 for 1 gram (down by ₹45) and ₹1,06,880 for 8 grams (down by ₹360). The 24-carat gold in Bhubaneswar and Patna was priced at ₹14,028 for 1 gram (down by ₹47) and ₹1,12,224 for 8 grams (down by ₹376).
Finally, Mysore recorded 22-carat gold at ₹13,320 for 1 gram (down by ₹45) and ₹1,06,560 for 8 grams (down by ₹360), while 24-carat gold stood at ₹13,986 for 1 gram (down by ₹47) and ₹1,11,888 for 8 grams (down by ₹376).
"Minor fluctuations in daily commodity pricing, such as the slight downward revision seen in gold rates across various Indian cities, are a standard part of market cycles. For businesses and individuals tracking precious metals, monitoring these localized adjustments provides clearer visibility into regional retail trends without signaling major macro-level disruptions." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
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